Would someone please define what is included in “medical spending in the U.S.”? Your recent article states that “Public and private spending for U.S. healthcare increased to $3.2 trillion in 2015...” How is that figure determined?
Is the “medical spending” here the “total charges” stated by providers? The net amount after subtracting “adjustments” to reach Medicare-accepted figures? Or the amounts actually paid by patients and their insurers? The different amounts are both widely divergent and politically potent.
This whole healthcare billing-payment system defies understanding, and the administrative costs significantly inflate total spending.
Hilton Head Island